CoreCap Advisors LLC Acquires 5,171 Shares of Palantir Technologies Inc. $PLTR

CoreCap Advisors LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 41,238 shares of the company’s stock after purchasing an additional 5,171 shares during the quarter. CoreCap Advisors LLC’s holdings in Palantir Technologies were worth $7,714,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aletheian Wealth Advisors LLC grew its stake in shares of Palantir Technologies by 47.8% in the 3rd quarter. Aletheian Wealth Advisors LLC now owns 3,430 shares of the company’s stock valued at $642,000 after buying an additional 1,110 shares during the period. YHB Investment Advisors Inc. raised its stake in Palantir Technologies by 1.1% during the 3rd quarter. YHB Investment Advisors Inc. now owns 12,254 shares of the company’s stock worth $2,292,000 after buying an additional 137 shares during the period. Titleist Asset Management LLC raised its stake in Palantir Technologies by 1.7% during the 3rd quarter. Titleist Asset Management LLC now owns 90,173 shares of the company’s stock worth $16,867,000 after buying an additional 1,544 shares during the period. Everhart Financial Group Inc. boosted its holdings in Palantir Technologies by 17.6% in the third quarter. Everhart Financial Group Inc. now owns 27,466 shares of the company’s stock worth $5,138,000 after acquiring an additional 4,108 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in Palantir Technologies by 1,093.9% in the third quarter. Gradient Investments LLC now owns 37,466 shares of the company’s stock valued at $7,008,000 after acquiring an additional 34,328 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 2.4%

Palantir Technologies stock traded up $4.66 during trading on Thursday, hitting $198.78. 41,797,813 shares of the company were exchanged, compared to its average volume of 42,837,207. The company has a market capitalization of $477.68 billion, a P/E ratio of 169.90, a PEG ratio of 2.70 and a beta of 1.60. The business’s 50 day moving average is $174.75 and its 200 day moving average is $149.54. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $0.16 EPS. The business’s revenue was up 92.8% on a year-over-year basis. Equities analysts expect that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PLTR shares. Piper Sandler restated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Wolfe Research assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating on the stock. Barclays began coverage on shares of Palantir Technologies in a research report on Thursday. They issued an “overweight” rating and a $265.00 price target for the company. Jefferies Financial Group restated an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, William Blair restated an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $198.75.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, bespoke software and specialized industry applications could significantly expand Palantir’s addressable market. Goldman Sachs upgrades Palantir to Buy with $230 target
• Positive Sentiment: The upgrade reinforces the view that Palantir’s AI opportunity extends beyond its existing government and commercial software businesses. Coverage highlighted sovereign AI—countries and organizations controlling their own infrastructure, data and models—as a potential new growth market. Palantir gets Goldman Sachs upgrade as sovereign AI opens a new market
• Positive Sentiment: Reports on Palantir’s Maven expansion and its partnership-oriented sovereign-AI strategy suggest the company is seeking to broaden deployments across defense and other strategic customers. Investors view this as evidence that its platforms may scale into larger, mission-critical contracts. What does Palantir Maven expansion mean for AI growth?
• Positive Sentiment: Other bullish commentary, including Dan Ives’ selection of Palantir as a top AI stock, is adding momentum to the narrative that enterprise and government AI spending remains in its early stages. Dan Ives names Palantir a top AI pick
• Neutral Sentiment: The bullish thesis comes with a demanding valuation: Palantir trades at roughly 170 times earnings based on the provided background data. Investors will likely require continued exceptional revenue growth and contract momentum to justify the premium multiple.
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Palantir rating lowered to Hold by Zacks
• Negative Sentiment: Recent reporting also points to substantial insider selling, with executives selling shares but making no reported open-market purchases over the past six months. Separately, Michael Burry has reportedly used longer-dated put options against Palantir, reflecting concerns about AI-sector valuations and a potential slowdown.

Insider Activity

In related news, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 536,364 shares of company stock valued at $93,083,303 over the last ninety days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.